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8 Railroad Avenue
Kennebunk, ME 04043
Holly Mitchell with Keller Williams - Greater Portland, original listing - (207) 879-9800
$1,450,000
Conventional
Property
Bedroom
6
Bathroom
Full: 2
Property Type
Conventional
Square ft
1554 Square Feet
Property Description
Are you in search of a versatile family compound that doubles as an investment property? Discover these exceptional attached cottages featuring TWO three-bedroom units, just steps from the pristine white sands of Kennebunk's Mother's Beach. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately.Both cottages are thoughtfully and elegantly designed, showcasing fine furniture, lighting, cabinetry, counters, appliances, and artwork. The meticulous attention to detail evokes yacht design, with every item perfectly placed, creating a subtle, high-end nautical ambiance. The front cottage, 'Fairview,' opens into a charming living space that connects to an eat-in kitchen with open shelving. A discreet hallway houses a full-size washer and dryer, leading to a barn door that opens to the bathroom. The side bedroom features a queen-size bed, the second bedroom is equipped with bunk beds, and the primary bedroom offers a king-size bed, all with premium mattresses and a soothing blue and white color scheme. Around the side, you'll find the entrance to 'Seabreeze,' which boasts a private yard and deck space. The entryway leads directly into a kitchen with an eat-in dining table. To the left, a gorgeous living room continues the nautical theme. The hallway reveals a room with a twin trundle bed, ideal for young guests, and a stackable washer and dryer. The spacious bathroom includes a glass door shower, offering more space than typical cottages. The second bedroom has a queen-size bed, while the primary bedroom features a king-size bed and space for a reading chair. The backyard is perfect for outdoor enjoyment, with a picnic table and an array of Adirondack chairs scattered across the property for soaking in the glorious summer days. This property is highly popular as a rental, boasting numerous returning guests and glowing online reviews. Financials available upon request.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1955
MLS Number
--
Location
Address
8 Railroad Avenue
City
Kennebunk
State
ME
Zip Code
04043
County
YORK
Listing
Provider
Keller Williams - Greater Portland, original listing
Name
Phone
(207) 553-2630
Office Name
Office Phone
(207) 879-9800
Agent Name
Holly Mitchell
Agency Phone
(207) 879-9800

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.